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Extraction Summary

1
People
4
Organizations
3
Locations
4
Events
1
Relationships
3
Quotes

Document Information

Type: Financial research report / market analysis
File Size: 2.14 MB
Summary

This document is page 14 of a 'Global Equity Volatility Insights' report by Bank of America Merrill Lynch dated June 6, 2017. It analyzes market volatility regarding the Euro Stoxx 50 and the impact of the upcoming UK elections on the British Pound. It specifically recommends a hedging strategy for Deutsche Telekom stock due to potential regulatory hurdles in its merger with T-Mobile. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a congressional investigation, likely related to financial records subpoenas.

People (1)

Name Role Context
Derman Author
Referenced in footnote regarding a 1999 paper on volatility swaps.

Organizations (4)

Name Type Context
Bank of America Merrill Lynch
Financial institution producing the report.
Deutsche Tel
Deutsche Telekom; subject of investment analysis and hedging recommendation.
T-Mobile
Mentioned in context of a merger with Deutsche Tel.
House Oversight Committee
Implied by Bates stamp 'HOUSE_OVERSIGHT_023588'.

Timeline (4 events)

2014-09
Scottish referendum
Scotland
2016-06
Brexit vote
United Kingdom
2017-01
Brexit supreme court ruling
United Kingdom
2017-06-08
UK snap election
United Kingdom

Locations (3)

Location Context
Subject of economic analysis regarding elections and Brexit.
Referenced regarding the Sep-14 referendum.
Referenced via European telcos (SXKP).

Relationships (1)

Deutsche Tel Merger Partners T-Mobile
Text mentions 'regulatory hurdles in their T-Mobile merger'.

Key Quotes (3)

"Deutsche Tel has run too fast too quickly; hedge using a Sep17 +17P/-18C collar"
Source
HOUSE_OVERSIGHT_023588.jpg
Quote #1
"BofAML equity telecom analysts have reiterated their recommendation to be cautious on Deutsche Tel as the company may face regulatory hurdles in their T-Mobile merger."
Source
HOUSE_OVERSIGHT_023588.jpg
Quote #2
"With the UK parliamentary elections less than one week away, short-dated (1wk) implied vols on both the FTSE and GBPUSD appear more elevated vs. history"
Source
HOUSE_OVERSIGHT_023588.jpg
Quote #3

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